The value of the bricks purchased by a contractor to build a fireplace in a new home is not counted in GDP because
A) business spending of any type is excluded from GDP
B) it would be double counting
C) the price of the bricks would not be known to the contractor
D) this is a purely financial transaction
Correct Answer:
Verified
Q65: Proponents of increased economic growth say it
Q66: If the value of imports exceeds the
Q67: Adding together personal consumption expenditures, gross private
Q68: Real GDP does not address issues of
Q69: The standard of living in the U.S.
Q71: Economists estimate that the value of transactions
Q72: Which of the following is included in
Q73: Which of the following is not included
Q74: GDP does attempt to measure
A) the underground
Q75: GDP is a good measure of the
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents